Publication date
18 May 2012
Category
Uncategorized

Announces Concurrent Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

(Vancouver, British Columbia, May 18, 2012) Druk Capital Partners Inc. (“Druk” or the “Company”) (TSXV: DRU.P), a capital pool company, is pleased to announce that it has entered into a letter of intent dated May 17, 2012 (“LOI”) with Alexis Minerals Corporation (“Alexis”) whereby, subject to regulatory approval, Druk will acquire (the “Proposed Transaction”) 100 per cent of the rights, titles and interests held by Alexis in the Rouyn-Noranda base/precious metal camp (the “Project”).

The Proposed Transaction excludes those claims that comprise Alexis’ Lac Pelletier gold property. Alexis is a company incorporated in Ontario and listed on the Toronto Stock Exchange. The Proposed Transaction, pursuant to the LOI, will constitute the Company’s qualifying transaction (the “Qualifying Transaction”) pursuant to the policies of the TSX Venture Exchange (the “Exchange”). The Proposed Transaction is an arm’s length transaction and upon completion of the Proposed Transaction, the Company expects to be a Tier 1 or Tier 2 Mining issuer. Pursuant to Section 2.1 of Exchange policies, as the proposed Qualifying Transaction is an arm’s length Qualifying Transaction, the Company will not be required to obtain shareholder approval of the Qualifying Transaction but will be submitting a Filing Statement for Exchange acceptance.

See Full Release attached in PDF Format

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